Brotherhood CU offers its members many types of real estate
loans including: first mortgages, home equity loans and
home equity lines of credit; for purchase or refinancing;
fixed or adjustable rates; up to $500,000.
The rates quoted here are indications only and are based on
certain underwriting criteria, and all rates are subject
to change without notice. APR calculations are based upon
a loan amount of up to $417,000 with a 20% down payment or
80% LTV. 1-4 family owner occupied properties only.
CONDOMINIUMS - 30% DOWN PAYMENT REQUIRED.
If you require additional terms or conditions please click here for that information.
Please call Brotherhood CU at (781) 598-5555, or send email
to loandept@brotherhoodcu.org
for further information.
Effective February 1, 2012
Fixed Rate Mortgages - Up To $417,000.00*
20% down payment required for 1-4 family owner occupied properties.
30% down payment required for owner occupied condominiums and townhouses.
| 10 Year Term
| INTEREST RATE
| POINTS
| APR** (as low as)
| Payments per thousand per month
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| 2.99%
| 0.00
| 3.06%
| $9.65
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| 15 Year Term
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| 3.375%
| 0.00
| 3.43%
| $7.09
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| 20 Year Term
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| 4.00%
| 0.00
| 4.29%
| $6.06
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| 30 Year Term
| 4.25%
| 0.00
| 4.29%
| $4.92
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| 4.125%
| 1.00
| 4.25%
| $4.85
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*JUMBO RATES AVAILABLE FOR MORTGAGES FROM $417,001.00 TO
$500,000.00. CALL FOR OUR CURRENT RATES. Maximum LTV =
80%. 1-4 family owner occupied properties only.
CONDOMINIUMS - 30% DOWN PAYMENT REQUIRED.Call for
additional rates. **APR=Annual Percentage Rate.The rates
quoted are accurate as of the date indicated and are
subject to change. Terms are dependent upon amount
financed. Rates shown above are for members with the best
credit profile. Other rates are available, based on your
credit score.
The 30 year, 20 year, 15 year and 10 year Fixed Rate
Mortgages are fully amortizing loans. The rate will be
fixed for the full term of the loan and your monthly
principal and interest payments will not change for the
term of the loan.
Adjustable Rate Mortgages-Up To $417,000.00*
20% down payment required for 1-4 family owner occupied properties.
30% down payment required for owner occupied condominiums and townhouses.
|
30 Year Term
| INITIAL RATE
| TERM
| FULLY INDEXED RATE
| TERM
| APR**
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1 Year ARM
| 3.00%
| 12 mos
| 2.875%
| 348 mos
| 2.91%
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30 Year Term
|
INITIAL RATE
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TERM
|
FULLY INDEXED RATE
| TERM
|
APR**
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3 Year ARM
| 3.25%
| 36 mos
| 3.125%
| 324 mos
| 3.18%
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30 Year Term
|
INITIAL RATE
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TERM
|
FULLY INDEXED RATE
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TERM
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APR**
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5 Year ARM
| 3.50%
| 60 mos
| 3.625%
| 300 mos
| 3.62%
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30 Year Term
|
INITIAL RATE
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TERM
|
FULLY INDEXED RATE
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TERM
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APR**
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7 Year ARM/3 Year ARM
| 3.75%
| 84 mos
| 3.125%
| 276 mos
| 3.45%
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-1 Year ARM payments per thousand borrowed: $4.22. CAPS 2%
per adjustment/6% over life of loan. 3 Year ARM payments
per thousand borrowed: $4.35. CAPS 3% per adjustment/6%
over life of loan. 5 Year ARM payments per thousand
borrowed: $4.49. CAPS 3% per adjustment/6% over life of
loan. 7 Year Fixed/3 Year ARM payments per thousand
borrowed: $4.63. CAPS 3% per adjustment/6% over life of
loan.
*JUMBO RATES AVAILABLE FOR MORTGAGES $417,001.00 TO
$500,000.00. CALL FOR OUR CURRENT RATES. Maximum LTV =
80%. 1 - 4 family owner occupied properties only.
CONDOMINIUMS - 30% DOWN PAYMENT REQUIRED ** APR=Annual
Perccentage Rate. The rates quoted are accurate as of the
date indicated and are subject to change. Terms are
dependent upon amount financed. Rates shown above are for
members with the best credit profile. Other rates are
available, based on your credit score.
Home Equity Line of Credit (HELOC's)
| PRIME MINUS .25% FOR LIFE*
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| POINTS
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| 3.00%APR** (as low as)
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| 0.00
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No Points and no Annual Fee. Recording fee will be paid by
applicant(s). *The Annual Percentage Rate(APR) is variable
and based on the Prime Rate as most recently published in
the Wall Street Journal at the beginning of the month
(currently 3.25%), minus .25% for the life of the loan,
however the APR shall never fall below 3.00%. The maximum
lifetime APR is 18%. 1-4 family owner occupied properties
only. Property insurance required. We will lend to 50% of
the assessed value or 80% of an appraisal. Maximum LTV on
condos or townhouses is 70%. If an appraisal is required
the applicant will pay the cost of $300.00 - $500.00. If
you cancel the line of credit anytime within the first 36
months, you will be required to reimburse us for any
closing costs we paid but no more than $500.00.
*APR=Annual Percentage Rate. The rates are accurate as of
the date indicated and are subject to change. Terms are
dependent upon amount financed. Rates shown above are for
members with the best credit profile. Other rates are
available, based on your credit score.
Home Equity Loan
| |
INTEREST RATE
|
APR** (as low as)
|
Payments per thousand per month
|
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5 Year
|
5.74%
|
5.74%
|
$19.21
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7 Year
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5.875%
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5.875%
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$14.55
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10 Year
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6.125%
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6.125%
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$11.16
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15 Year
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6.375%
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6.375%
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$8.64
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No Points and no Annual Fee. Recording fee wil be paid by
applicant(s). We will lend to 50% of the assessed value or
80% of an appraisal. If an appraisal is required the
applicant will pay the cost of $300.00 - $500.00. If you
cancel the loan anytime within the first 36 months, you
will be required to reimburse us for any closing costs we
paid but not more than $500.00. 1-4 family owner occupied
properties only. Property Insurance required. Rewrites of
existing BCU Home Equity Lines of Credit or Home Equity
Loans are not eligible. Maximum LTV on condos or
townhouses is 70%. **APR=Annual Percentage Rate. The rates
quoted are accurate as of the date indicated and are
subject to change. Terms are dependent upon amount
financed. Rates shown above are for members with the best
credit profile. Other rates are available, based on your
credit score.
ALL RATES, TERMS AND COSTS ARE SUBJECT TO CHANGE WITHOUT
NOTICE.
All rates are subject to change.
Rate Sheet #0001,
updated by ahs,
February 1, 2012
